Husband Dissipates Assets by Placing Them in Trusts for the Children, but the Appellate Court Does Not Allow Unaccrued Interest

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation

Mohen v. Mohen The appellate court (AC) vacated the trial court order (TC) that erroneously charged the husband with $4,360,158 in unaccrued interest on marital assets that the husband fraudulently dissipated from the marital estate. This altered the equitable...

Staffing Shortages Cause Some Employers to Reconsider Job Qualifications

by Royer Advisors | Dec 11, 2024 | Business Plans

Should it matter whether the pilot on your next flight has a bachelor’s degree? Delta Airlines recently asked that question, and management decided to end the requirement for new hires to have a four-year college degree. Although the company still prefers its...

District Court Rules ‘Decisively’ Against the DOL in an ESOP Overvaluation Case

by Royer Advisors | Dec 11, 2024 | Court Rulings

Walsh v. Bowers Defendants Brian Bowers and Dexter Kubota owned all the stock in an engineering firm, Bowers & Kubota Consulting Inc. They created an ESOP to which they sold all of their stock for $40 million. The government sued, alleging that they had violated...

Due Diligence Considerations when Buying a Business

by Royer Advisors | Dec 11, 2024 | Business Plans

Buyers of businesses generally prefer to arrange for an asset purchase transaction instead of purchasing an ownership interest in the target business entity. Why? The primary reason is to avoid exposure to liabilities — both known and unknown — related to the business...

Property Transfer Was Not Fraudulent Because Debtor Was Not Insolvent

by Royer Advisors | Dec 11, 2024 | Court Rulings

Yaquinto v. Thompson St. Capital Partners “As part of a refinancing transaction in 2014, Stone Panels Inc. (SPI) and Stone Panels Holding Corp. (Holding) jointly borrowed roughly $14 million that was immediately transferred to Thompson Street Capital Partners III, LP...